Sureshot Tips
"Sureshare Intraday Tips"
Technical View
Proclamations acquired a breather after a harsh rally and watched profit booking. The regular chart on NIFTY recommends that the NIFTY has direct confrontation at 5542. If it breaks 5542/5562 we could see the next key resistance levels of 5640 or even 5702. On the downs side, the NIFTY has initiate the support at 5462 and 5412 levels. Officially the short term trend on NIFTY is likely to remain positive and the next hurdle for NIFTY is seen at 5691/5700 levels. On the weakness, Escaping of 5345/5315 would invite fresh selling density.
Day Trading Strategy:
Nifty may open flat to optimistic note and it would test at 5373and 5393 levels. Break out of 5393 would invite an intraday buying density. On the inferior side, the maintenance for the nifty is seen at 5292 and 5242 levels. If it breaks 5242 it would test at 5211 levels. Trade carefully as if Nifty breaks 5240 on weekly closing basis and then short term fresh selling heaviness can expected.
Positional Pick:-
OBC (LTP: 288) - BUY
For today's trade, long place can be started only in Rs.280-275 range for a target of Rs.301-321, with a closing based stop loss of Rs.266.
Intraday Picks:-
DIVIS LAB(LTP: 738.6) - BUY
For today's trade, long place can be started only above Rs.741 for a target of Rs.759-771, with a strict stop loss of Rs.730. Traders are advised to avoid early morning whipsaw.
PANTALOON (LTP: 181.3) – SELL
For today's trade, short place can be started only below Rs.176 for a target of Rs.171-169, with a strict stop loss of Rs.180. Traders are advised to avoid early morning whipsaw.
Technical View
Proclamations acquired a breather after a harsh rally and watched profit booking. The regular chart on NIFTY recommends that the NIFTY has direct confrontation at 5542. If it breaks 5542/5562 we could see the next key resistance levels of 5640 or even 5702. On the downs side, the NIFTY has initiate the support at 5462 and 5412 levels. Officially the short term trend on NIFTY is likely to remain positive and the next hurdle for NIFTY is seen at 5691/5700 levels. On the weakness, Escaping of 5345/5315 would invite fresh selling density.
Day Trading Strategy:
Nifty may open flat to optimistic note and it would test at 5373and 5393 levels. Break out of 5393 would invite an intraday buying density. On the inferior side, the maintenance for the nifty is seen at 5292 and 5242 levels. If it breaks 5242 it would test at 5211 levels. Trade carefully as if Nifty breaks 5240 on weekly closing basis and then short term fresh selling heaviness can expected.
Positional Pick:-
OBC (LTP: 288) - BUY
For today's trade, long place can be started only in Rs.280-275 range for a target of Rs.301-321, with a closing based stop loss of Rs.266.
Intraday Picks:-
DIVIS LAB(LTP: 738.6) - BUY
For today's trade, long place can be started only above Rs.741 for a target of Rs.759-771, with a strict stop loss of Rs.730. Traders are advised to avoid early morning whipsaw.
PANTALOON (LTP: 181.3) – SELL
For today's trade, short place can be started only below Rs.176 for a target of Rs.171-169, with a strict stop loss of Rs.180. Traders are advised to avoid early morning whipsaw.
